At a conference on Moldova’s EU enlargement progress, First Deputy Governor Petru Rotaru set out how the National Bank of Moldova is aligning the country’s financial-services framework with the European Union acquis, pointing to reforms that enabled Moldova to join the Single Euro Payments Area (SEPA). In the “Internal Market, Cluster 2” panel on the free movement of capital and financial services, he cited harmonisation of national legislation with EU rules on payment services and anti-money laundering, including the introduction of remote customer identification (eKYC). He also referred to measures to strengthen governance in the insurance sector, aimed at avoiding insurer payment incapacity and delays in claim settlement, and noted a positive trend in the relationship between premiums collected and claims paid. On crypto-assets, Rotaru stated that by June 2027 the central bank will promote and implement a regulatory framework for virtual asset service providers in line with European legislation, as part of its role in EU accession reforms covering financial services, capital movement and monetary policy.
National Bank of Moldova 2025-11-12
National Bank of Moldova highlights SEPA accession and commits to EU-aligned virtual asset service provider rules by June 2027
At a conference on Moldova's EU enlargement, First Deputy Governor Petru Rotaru outlined the National Bank of Moldova's alignment with EU standards, highlighting reforms for joining the Single Euro Payments Area (SEPA). He discussed harmonization with EU rules on payment services and anti-money laundering, governance improvements in the insurance sector, and plans for a regulatory framework for virtual asset service providers by June 2027.